Group 1 - The State Council issued a work plan to optimize and expand service supply, aiming to enhance service consumption and support high-quality economic development [2] - The work plan focuses on key areas such as transportation services, housekeeping services, and inbound consumption, emphasizing innovation and talent development [2] - The commercial aerospace industry is being prioritized, with plans to develop new fields like space resource development and space tourism during the 14th Five-Year Plan [3] Group 2 - Shanghai aims to become a national hub for the commercial aerospace industry, targeting an industry scale of approximately 100 billion yuan by 2027 [4] - The Beijing humanoid robot innovation center has launched a testing platform, capable of producing 5,000 humanoid robots annually [4] - The Kunshan AI industry fund has been established with a total scale of 5 billion yuan, focusing on AI core hardware and infrastructure [5] Group 3 - The market is experiencing mixed performance, with major U.S. indices showing slight fluctuations [6] - Microsoft shares dropped 10%, marking the largest single-day decline since March 2020, due to concerns over high AI capital expenditures [8] - Gold prices reached a record high of $5,594.82 per ounce before settling at $5,389.19, with a monthly increase of approximately 24% [9]

Core Insights - Apple's strong iPhone demand led to significant revenue and profit exceeding market expectations, with multiple key financial metrics reaching historical highs [1][2] Financial Performance - For Q1 FY2026, Apple reported revenue of $143.76 billion, a 16% year-over-year increase, and net profit of $42.10 billion, up 15.9% [1] - Diluted earnings per share reached $2.84, reflecting an 18.3% increase, all surpassing market consensus [1] iPhone Sales - iPhone revenue surged to $85.27 billion, significantly above analyst expectations of $78.65 billion, accounting for 59.3% of total revenue [2] - Year-over-year iPhone revenue growth was 23%, marking the largest quarterly scale in the company's history [2] - The Greater China region saw a remarkable 38% revenue increase, reaching $25.53 billion, driven by record iPhone sales [2] Services Business - Apple's services revenue exceeded $30 billion for the first time, reaching $30.01 billion, with a gross margin of 76.5%, significantly higher than the hardware business's 39.4% [2][3] - The overall gross margin improved to 48.2%, up 1.3 percentage points year-over-year, exceeding previous guidance and analyst expectations [3] Cash Flow and Shareholder Returns - Operating cash flow for the quarter was $53.93 billion, nearly an 80% increase year-over-year [3] - Apple returned nearly $32 billion to shareholders through stock buybacks of $24.70 billion and dividends of $3.92 billion [3] Hardware Business Challenges - Despite strong overall performance, there are concerns regarding potential pressure on hardware profit margins due to inflation and ongoing memory chip shortages [4] - Mac revenue was $8.39 billion, slightly below expectations, while iPad sales reached $8.6 billion, exceeding market forecasts [4] Acquisition of Q.ai - Apple confirmed the completion of its acquisition of Israeli AI startup Q.ai, although the transaction amount was not disclosed [5] - Q.ai, founded by Aviad Maizels, focuses on audio-related technology and has previously collaborated with Apple [6]

微软在公布财报后股价大跌，市值蒸发蒸发3570亿美元，拖累纳指和标普500指数走低，掩盖了Meta等公司亮眼业绩的提振作用。 *微软市值蒸发3570亿美元 *苹果Q4营收利润双创新高 *金价大跳水 当地时间1月29日，美股主要股指涨跌互现。微软在公布季度财报后大幅下挫，拖累纳指和标普500指数走低，与此同时，中东地缘政治紧张局势升温，推动 国际油价跳涨。避险需求也一度推动金价盘中短暂冲高至每盎司5500美元上方，但随后交易员集中获利了结，价格迅速回落。 截至当天收盘，道琼斯工业平均指数上涨55.96点，报49071.56点；标普500指数下跌9.02点，报6969.01点；纳斯达克综合指数下跌172.33点，报23685.12点。 【热门股表现】 热门中概股涨跌不一，纳斯达克中国金龙指数小幅收涨0.35%。个股方面，阿里巴巴下跌0.80%，拼多多跌0.11%，富途控股回落2.04%；蔚来汽车逆势大涨 3.92%，京东下跌0.55%，百度跌0.10%，携程跌0.61%，腾讯控股美国存托凭证上涨0.89%。 【苹果盘后放榜】 盘后，苹果披露2026财年第一季度（截至2025年12月27日）业绩。公司当季总营收为1 ...

(本文来自第一财经) 美股周四收盘，道指收涨0.1%，标普500指数跌0.1%，纳斯达克综合指数跌0.7%。特斯拉(TSLA.O)跌超 3%，微软(MSFT.O)跌近10%。纳斯达克中国金龙指数涨0.3%，阿里巴巴(BABA.N)跌近1%，蔚来汽车 (NIO.N)涨4%。 ...

其经验或将重塑中国城市群的发展逻辑。 2025年，深圳市南山区GDP预计突破万亿元，成为中国首个经济总量过万亿的地市辖区；地均GDP达54 亿元/平方公里，人均GDP超过54万元，两项指标均位居全国前列。 这一成就不仅标志着南山自身发展的飞跃，更折射出粤港澳大湾区在国家战略中的示范意义。 从大湾区建设的全局视角看，南山区的成功实践为区域协同发展提供了创新样本、产业引擎和开放窗 口，其经验或将重塑中国城市群的发展逻辑。 从"蛇口试管"到"万亿南山" 2025年是南山建区35周年。从建区时GDP仅78亿元，到2005年突破千亿元，再到如今登顶万亿城区，南 山的经济发展画出了一条昂扬向上的曲线。回头来看，35年来，南山主要做到了三件事。 一是把有限空间变成无限场景。南山陆域面积仅185平方公里，约为深圳的1/10，却贡献了全市1/4的 GDP、1/3的专利、2/5的上市公司。破解空间瓶颈，南山靠的是"垂直城市+地下空间+海洋经济"立体开 发：后海超级总部基地平均容积率6.0以上，地下商业体量超过200万平方米；同时依托43.7公里黄金海 岸线、汇聚60个市级以上海洋创新载体，实现海洋产业增加值占全市的八成左右。 二 ...

Core Viewpoint - Alibaba's Qwen has officially open-sourced the Qwen3-ASR series of models, which are powerful speech recognition models designed to support multiple languages and dialects [1] Group 1: Model Details - The Qwen3-ASR series includes two comprehensive speech recognition models: Qwen3-ASR-1.7B and Qwen3-ASR-0.6B [1] - Additionally, the series features an innovative speech forced alignment model, Qwen3-ForcedAligner-0.6B [1] Group 2: Language Support - The Qwen3-ASR models support speech recognition and language identification for 52 languages and dialects [1]

Group 1 - Beimo High-Tech expects a net profit increase of 1076%-1262% in 2025 [1] - Shengda Forestry anticipates a net profit increase of 816.77%-1275.15% in 2025 [1] - Huibai New Materials projects a net profit increase of 672.68%-834.7% in 2025 [1] - Mingyang Circuit forecasts a net profit increase of 585.19%-734.52% in 2025 [1] - Zhongke Sanhuan expects a net profit increase of 566.23%-899.35% in 2025 [1] - Beilu Pharmaceutical anticipates a net profit increase of 537.28%-852.26% in 2025 [1] - Xinzhi Group projects a net profit increase of 502.59%-616.94% in 2025 [1] - Zhezhong Co. expects a net profit increase of 392.14%-583.53% in 2025 [1] - Hailanxin anticipates a net profit increase of 387.47%-631.2% in 2025 [1] - Xinxing Casting expects a net profit increase of 367.51%-601.26% in 2025 [1] - Century Huatong (rights protection) projects a net profit increase of 357.47%-475.34% in 2025 [1] - ST Xifa (rights protection) anticipates a net profit increase of 319.91%-510.77% in 2025 [1] - Zhujiang Co. expects a net profit increase of 253.14%-429.72% in 2025 [1] - Ju Yi Technology projects a net profit increase of 228.36%-392.54% in 2025 [1] - Shunbo Alloy anticipates a net profit increase of 222.96%-315.23% in 2025 [1] - Wancheng Group expects a net profit increase of 222.38%-266.94% in 2025 [1] - Wanyi Technology projects a net profit increase of 191.52%-330.34% in 2025 [1] - Jiuding New Materials (rights protection) anticipates a net profit increase of 187.68%-231.68% in 2025 [1] - Elon Technology expects a net profit increase of 168.93%-203.39% in 2025 [1] - Santai Co. projects a net profit increase of 154.0%-275.78% in 2025 [1] - Zhuoyi Information anticipates a net profit increase of 152.49% in 2025 [1] - Jiangbolong expects a net profit increase of 150.66%-210.82% in 2025 [1] - Xinha Shares projects a net profit increase of 123.00%-129.68% in 2025 [1] - Yatong Shares (rights protection) anticipates a net profit increase of 120.25%-159.58% in 2025 [1] - Ruitai New Materials expects a net profit increase of 118.67%-183.68% in 2025 [1] - Shen Zhonghua A projects a net profit increase of 113.71%-220.57% in 2025 [1] - Xingchen Technology anticipates a net profit increase of 105.3%-117.74% in 2025 [1] - Tiger Pharmaceutical expects a net profit increase of 105.0%-204.0% in 2025 [1] - Huaguang New Materials projects a net profit increase of 104.67%-141.88% in 2025 [1] Group 2 - Lechuang Technology expects a net profit increase of 95.46%-107.31% in 2025 [2] - China Shipbuilding anticipates a net profit increase of 93.68%-132.42% in 2025 [2] - Lide New Energy projects a net profit increase of 89.31%-119.20% in 2025 [2] - Shengyi Technology expects a net profit increase of 87%-98% in 2025 [2] - Huaxia Airlines anticipates a net profit increase of 86.59%-161.22% in 2025 [2] - Inno Laser projects a net profit increase of 74.06%-129.02% in 2025 [2] - Sichuan Gold expects a net profit increase of 69.23%-93.4% in 2025 [2] - Huali Co. anticipates a net profit increase of 68.82%-136.35% in 2025 [2] - China Shipbuilding expects a net profit increase of 66%-99% in 2025 [2] - China Shipbuilding projects a net profit increase of 65.89%-99.07% in 2025 [2] - Gaoxin Development anticipates a net profit increase of 62.95%-108.57% in 2025 [2] - Fostar expects a net profit increase of 60.82%-91.45% in 2025 [2] - Nine Company projects a net profit increase of 54.04%-70.64% in 2025 [2] - Jintian Co. anticipates a net profit increase of 51.5%-73.14% in 2025 [2] - South Network Energy expects a net profit increase of 47.98%-53.31% in 2025 [2] - Qibin Group projects a net profit increase of 43.76%-75.12% in 2025 [2] - Xinya Electronics anticipates a net profit increase of 42.42%-56.79% in 2025 [2] - Zhongtai Securities expects a net profit increase of 40.0%-60.0% in 2025 [2] - Greeenme expects a net profit increase of 40%-70% in 2025 [2] - Buke Co. projects a net profit increase of 39.08%-63.63% in 2025 [2] - Oke Technology anticipates a net profit increase of 35.64%-76.32% in 2025 [2] - Chaojie Co. expects a net profit increase of 31.88%-88.4% in 2025 [2] - Guosheng Securities projects a net profit increase of 25.44%-67.25% in 2025 [2] - Haoli Technology (rights protection) anticipates a net profit increase of 14.43%-47.13% in 2025 [2]

Core Viewpoint - The recent surge in gold-related stocks has led to significant price movements, prompting multiple companies to issue announcements regarding stock trading anomalies [1] Group 1: Company Announcements - Zhaojin Gold confirmed that there are no undisclosed significant matters affecting its stock price and reported a rolling P/E ratio of 537.51, significantly higher than the industry average of 34.86 [2] - Silver Industry announced a cumulative price deviation of 113.48% over ten trading days, indicating severe stock price volatility, while projecting a net loss of 450 million to 675 million yuan for 2025 [3] - China Gold reported a P/E ratio of 55.63, above the industry median of 28.60, and expects a net profit decrease of 55% to 65% for 2025 due to market conditions [4] - Western Gold issued a risk warning due to high market prices for gold products, urging investors to make cautious decisions [5] - Sichuan Gold projected a net profit increase of 69.23% to 93.40% for 2025, attributed to higher sales volumes and rising gold prices [5] Group 2: Market Conditions and Risks - Zhaojin Gold highlighted three main risks: gold price volatility, operational risks in overseas projects, and risks related to aging mining facilities and technology upgrades [2] - Silver Industry noted that its basic business fundamentals have not changed significantly, but the stock price has deviated from these fundamentals, posing risks to investors [3] - China Gold warned investors about potential declines following significant short-term price increases [4] - Sichuan Gold mentioned that its operations are concentrated in a single mine, raising concerns about operational and resource reserve risks [6]

极低温下的耐用问题待解 2025年1月6日，上述博主在小红书上配图提醒说，去哈尔滨的朋友慎带折叠屏手机。她透露，其折叠屏 手机冻坏了；维修店说是因为温差，导致内屏漏液，买了碎屏险，还要服务费499元。当时这条内容分 享引发了上万网友关注、7000多条评论。 折叠屏手机的全球出货量今年预计将达到2500万部左右。 近日，折叠屏在东北变成"碎碎冰"的话题登上热搜榜。第一财经记者发现，其中一张热图是来自一位小 红书博主一年前的分享。 尽管折叠屏不抗冻的话题隔了一年"又火了"，调研机构预测，受苹果将入市等因素影响，折叠屏手机今 年出货量仍将增长，全球、中国出货量有望分别达2500万部和1300万部左右。而折叠屏手机在极低温下 的耐久问题仍有待超薄玻璃等材料的进步。 "（这个话题）又火了"，这位博主在1月28日告诉第一财经记者，她的折叠屏手机已修好，正常用没问 题。她是浙江人，去年到东北是参加别人的婚礼。她建议，折叠屏手机不要在那么低温的环境下拿出 来，回屋以后，暖和一下，再"掰开"用。 至于多少摄氏度以下不能用，这位博主说，其实也有概率问题。她后来在评论区看到，说明书上是有写 的。对于说明书是否有写0摄氏度或者多少摄 ...

营造依法纳税、法治公平税负环境的一体两面。 为国聚财是税务系统的主要职责，在当前国内外经济形势下，税务问题对部分企业和个人来说都将是一 个清晰的存在，尤其是随着税收征管法修订工作的展开，及税收监管和税务稽查的加强，在金税四期等 技术加持下，部分企业和个人对税负的感知将越发明显。曾经出现的一些避税操作空间，在数字治税的 征缴场景下，已极速收窄，这将有助于避免税收的漏损和流失。 在当前财政紧平衡状态下，依法治税、公平税负问题，备受各方关注。如何在财政紧平衡下，加强税收 监管和税务稽查，与坚守不收"过头税费"等底线，是营造依法纳税、法治公平税负环境的一体两面。 因此，如何搭建一个可负担的法治公平税收生态，是在提高税收征缴率的同时，使依法纳税深入人心的 根本性保障，这需全面深化税务改革。 当前税收征缴力度提升的情况下，恰需围绕可负担性来深化税收改革，正视税收领域出现的诸多问题。 如地方招商引资中做出的一些涉税优惠承诺，在征缴技术升级下，"开票经济"依然存在，税务筹划屡禁 不止等，这些问题不能单纯指向纳税觉悟上，需审视税种、税基税率的结构是否存在改革深化的可行空 间。 一个需正视的情况是，一些税种的税率和税前抵扣标准， ...